USDA Rural Development Single Family Housing Director, Kent Colwell, recognized this year’s top five Guaranteed Rural Housing (GRH) Loan Program lenders in the state. The top five GRH lenders processed nearly 40 percent of the total loans in Kansas, and for the third year in a row Landmark National Bank is the state’s top lender.
“USDA partners with lenders throughout the state to provide rural Kansans with the opportunity to purchase affordable homes,” said Colwell. “We would like to thank all of the lenders that participate in the GRH program, but would like to recognize the five most active lenders for their commitment to providing home loans to rural Kansans.”
USDA Rural Development provided 1,098 Kansas families with guaranteed home loans this year, working with more than 100 lenders. The loans provided a $122 million investment in rural communities throughout the state.
The GRH program provides a federal guarantee on home loans made by approved lenders to moderate income households in eligible rural areas. The loan provides qualified borrowers up to 100 percent financing on a 30-year fixed-rate home loan.
2016 Top Five USDA GRH Lenders in Kansas:
Landmark National Bank
79 loans totaling $8,639,865
Mortgage Investment Services Corp.
64 loans totaling $5,428,247
Open Mortgage LLC
55 loans totaling $5,300,384
The Bennington State Bank
44 loans totaling $3,661,319
Golden Plains Credit Union
30 loans totaling $2,826,134
Since 1949, USDA has helped nearly four million rural residents purchase homes. USDA provides direct loans and loan guarantees to help rural families purchase homes. For more information on USDA home loan programs, visit the agency’s website at: www.rd.usda.gov/ks or call a USDA office near your location:
Hays Office, (785) 628-3081
Iola Office, (620) 365-2901
Newton, (316) 283-0370
Topeka Office, (785) 271-2701